Bitcoin Miner MARA Stock Surges Despite Earnings Miss as Analysts Applaud Cost Cutting

Bitcoin miner MARA Holdings (MARA) stock outperformed peers on Friday, even after its first quarter results missed Wall Street's estimates, as the company's focus on lowering costs is seen as positive by analysts. Jefferies analysts said that with the bitcoin BTC price improving in the second quarter of this year and MARA focusing on more sustainable energy sources such as solar and flared gas-driven data centers, power costs should come down in the coming quarters and help margins. "MARA is expanding infrastructure at its 114 MW wind farm and has fully energized its 25 MW micro flared gas data center, both of which should drive down power costs," said analyst Jonathan Petersen in a note. If the mining firm continues to buy up more of such power sources, it would help the company's profitability, Petersen wrote source: https://www.coindesk.com/business/2025/05/09/bitcoin-miner-mara-stock-surges-despite-earnings-miss-as-analysts-applaud-cost-cutting